Keeping you up to date on the latest data releases.
- Consumer Credit
In March, outstanding consumer credit increased at a seasonally-adjusted annual rate of 3.4 percent to $2,808 billion, adding an eighth month to a string of positive reports. This preliminary increase is slower than February?s upwardly revised increase of 8 percent, and leaves the year-over-year figure at 5.9 percent. Revolving credit fell by 2.4 percent, while nonrevolving credit, which mainly reflects student and auto loans, rose by 6 percent. During the first quarter, consumer credit increased at a seasonally-adjusted annual rate of 5.75 percent. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 8 percent.